wolfson corporation acquired all of the outstanding common stock of Barney corporation for 17,900,000 in cash. the book values and fair values of Barneys assets and liabilities were as follows :

4. calculate the amont paid for goodwill.

On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation The book values and fair values of Barney's assets and liabilities were as follows: Fair Value Book Value Current assets $ 6,900,000 11,900,000 1,090,000 4,900,000 6,900,000 $ 8,400,000 14,900,000 1,590,000 4,900,000 6,400, 000 Property, plant, and equipment Other assets Current liabilities Long-term liabilities Required: Calculate the amount paid for goodwill. Goodwill